SACRAMENTO, Calif. (April 8, 2011) - Aerojet, a GenCorp (NYSE: GY) company, announced today that Dave Caldwell, director for Missile Defense and Strategic programs in the company's Washington, D.C. Operations office, will assume the added responsibility of supporting Aerojet's efforts to foster a sustainable and innovative U.S. rocket propulsion industrial base. He also will continue to support Aerojet's activities across the full spectrum of the missile defense and strategic sectors.

"Dave Caldwell has played a vital role in advancing Aerojet's missile defense and strategic sector endeavors," said Aerojet's Vice President and Deputy to the President, Dick Bregard. "He brings unique operational experience and capabilities to the Aerojet team, working to create a sustainable and innovative U.S. rocket propulsion industrial base."

Caldwell joined Aerojet a year ago with a risk management background in support of several Department of Defense acquisition programs. A career Navy Surface Warfare Officer, Caldwell has significant operational experience, having served in a variety of Navy ship classes on both U.S. coasts. He served ashore at the Missile Defense Agency where he was a direct liaison for Asia-Pacific regional governments seeking involvement in U.S. ballistic missile defense activities. He also acquired a Navy subspecialty in South East Asian political-military affairs."

Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, defense and armaments markets. GenCorp is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale, and leasing of the company's excess real estate assets. Additional information about Aerojet and GenCorp can be obtained by visiting the companies' websites at http://www.Aerojet.com and http://www.GenCorp.com.

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